The recent increase in the number of asylum seekers arriving in Europe drew attention to the role played by smuggling to facilitate migration. Yet, the smuggling market remains quite obscure. We analyse price changes of smuggling services during the demand shock from the 2015 surge in...

Millions of forcibly displaced people apply for asylum every year facing uncertain outcomes. What can explain cross-country heterogeneity in these outcomes? This study provides estimates of the determinants of asylum admission policies in host countries using a bilateral panel data set covering...

Millions of forcibly displaced people apply for asylum every year facing uncertain outcomes. What can explain cross-country heterogeneity in these outcomes? This study provides estimates of the determinants of asylum admission policies in host countries using a bilateral panel data set covering...

La théorie de l'endogénéité des Zones Monétaires Optimales (ZMO) a identifié deux canaux de justification ex-post du critère de synchronisation des cycles : l'intensité commerciale et la convergence budgétaire des pays membres. Dans ce papier, nous analysons dans une perspective...

The literature on Optimal Currency Areas (OCA) has identified several channels for the ex post justification of common monetary areas based on the synchronicity criterion. These include trade, cross-border investments, mobility of factors, mobility of goods and services, and fiscal convergence...

Should policymakers wait for fiscal crisis early warning signals before repairing the roof? We give an answer to this question by investigating the interlinkages between early warning signals for fiscal crisis, policy responses, and policy outcomes, using a broad panel of 119 countries. We find...

Should policymakers wait for fiscal crisis early warning signals before repairing the roof? We give an answer to this question by investigating the interlinkages between early warning signals for fiscal crisis, policy responses, and policy outcomes, using a broad panel of 119 countries. We find...

Millions of forcibly displaced people apply for asylum every year facing uncertain outcomes. What can explain cross-country heterogeneity in these outcomes? This study provides estimates of the determinants of asylum admission policies in host countries using a bilateral panel data set covering...